In today's session our technical analysis for nifty was if Nifty opens or trades above 10620 then it can go to 10628 to 10640 levels . If crosses this 10628 level then can go up to 10640 levels.... And also we had mentioned that if Nifty starts trading above 10640 level then may go to 10675 levels.....So , what happened ...? you peoples very well know about it...!!! However our last strategy what we posted on investing.com was not to panic at upper levels.... make short term positions in the market for near future..... as nifty is suppose to come down to a min of 10000 / 9333 within a short spell of time... May be it may take around 2 to 3 months....However as per as our technical analytical point of view , traders must go short at upper crucial levels..... and at the same time must book profits at lower crucial levels.... Now lets see what happened exactly......? We already mentioned that 10640 was a very crucial level. Nifty opened at 10644.8 and started...
PREVIOUS SESSION: In previous session during trading hours we updated that 10868 is a crucial support level for Nifty 50 and as we predicted Nifty 50 closed a tad above 10868 at 10869.5 . As the market was flat yesterday , today market is likely to be bearish. As per technical analysis there can be gap down opening of the market today. . TODAY'S SESSION: Nifty if opens above or starts trading above 10870 level then will go up to 10882 levels. Crossover above this with volumes and also if sustains above this for at least 15 minutes then will move ahead towards 10904 levels. If sustains above this then will soar up to 10912/10921 levels. More updates will be available during the trading session once the market achieve those levels. Now what if Nifty 50 opens or starts trading below 10868 levels then? Market will slide down to 10856/10846 levels, the same crucial levels bears are facing for last few days. Now again if it starts trading below 10846 level with volum...
NIFTY 50.. RUNNING TO THE FUTURE.... If Nifty 50 moves above 10884 and sustains above 10922 for 10/15 min... then short time next target for Nifty 50 should be 11089.... after 11089 +- 30/40 points.....? Then Nifty 50 is expected to come down to a minimum of 10000 in near future and the approximate prediction of reaching to the levels of 10000 is 8 weeks... If Nifty 50 starts trading below 10884 for minimum 5 to10 min... Then what? Then too we can expect a downtrend of 10000 .... no if no but... . In case Nifty 50 closes above the level of 11089 for two trading session then the downtrend would be no longer applicable and an uptrend is predicted which will be updated later. Note: The levels mentioned here are of Nifty 50 spot levels.The article is only for educational purpose. Trade at your own risk. - SAT KABIR
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